Recent Updates — FLYW

Flywire Corporation appointed Sabrina Farmer to its Board of Directors as a Class II director effective September 22, 2026, with her term expiring at the 2029 annual meeting. The board increased its size from nine to ten directors and assigned Ms. Farmer to the Nominating and Corporate Governance Committee. She is an independent director currently serving as Corporate Vice President of the Commerce Platform at Microsoft, bringing extensive experience in scaling enterprise systems from prior roles at GitLab and Google. Her compensation includes a $35,000 annual cash retainer for board service, a $4,000 committee retainer, and an initial restricted stock unit award valued at $350,000 vesting over three years. Flywire operates in the global payments enablement and software industry.

Flywire Corporation reported second quarter 2026 financial results on August 4, 2026, showing revenue increased 27.2% year-over-year to $167.7 million and total payment volume grew 38.2% to $8.2 billion. Adjusted EBITDA rose 44.5% to $24.0 million with a margin of 14.6%, while the company repurchased approximately 3.1 million shares for $49 million, leaving $123 million remaining in its share repurchase program. Management raised full-year guidance, increasing FX-Neutral Revenue Less Ancillary Services growth expectations by 300 basis points to a midpoint of 24% and Adjusted EBITDA margin growth by 250 basis points to a midpoint of 300 basis points. The company operates in the global payments enablement and software industry, providing cross-border payment solutions and vertical-specific software for education, healthcare, travel, and B2B sectors.